GSG Advisors LLC Trims Position in Booking Holdings Inc. (NASDAQ:BKNG)

GSG Advisors LLC lowered its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 46 shares of the business services provider’s stock after selling 3 shares during the period. GSG Advisors LLC’s holdings in Booking were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BKNG. Signal Advisors Wealth LLC lifted its holdings in Booking by 17.9% in the fourth quarter. Signal Advisors Wealth LLC now owns 66 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 10 shares during the period. Wright Investors Service Inc. purchased a new position in shares of Booking during the 4th quarter valued at approximately $527,000. Marcum Wealth LLC lifted its stake in shares of Booking by 3.5% in the 4th quarter. Marcum Wealth LLC now owns 89 shares of the business services provider’s stock valued at $443,000 after purchasing an additional 3 shares during the period. Traveka Wealth LLC boosted its holdings in Booking by 8.2% during the fourth quarter. Traveka Wealth LLC now owns 92 shares of the business services provider’s stock worth $458,000 after buying an additional 7 shares in the last quarter. Finally, Unique Wealth LLC grew its position in Booking by 9.2% during the fourth quarter. Unique Wealth LLC now owns 608 shares of the business services provider’s stock valued at $3,021,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Booking Price Performance

NASDAQ BKNG opened at $4,763.90 on Tuesday. The company has a 50-day moving average of $5,059.78 and a 200-day moving average of $4,358.07. Booking Holdings Inc. has a 12 month low of $3,180.00 and a 12 month high of $5,337.24. The company has a market cap of $157.67 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.11 and a beta of 1.41.

Booking Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th were paid a $8.75 dividend. This represents a $35.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, December 6th. Booking’s dividend payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Truist Financial raised their target price on Booking from $4,100.00 to $4,700.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. DA Davidson boosted their price objective on Booking from $4,100.00 to $5,005.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Citigroup raised their price target on shares of Booking from $4,100.00 to $5,500.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on Booking from $4,600.00 to $5,000.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $5,400.00 price target on shares of Booking in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and a consensus target price of $4,987.04.

Booking Company Profile

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.